In recent months, the Polish economy has grown to become one of Eastern Europe’s fastest-growing frontier markets, thanks to prudent fiscal policies. But the Polish president’s death in a plane crash this weekend could have negative implications for the country’s exchange traded funds (ETFs).

Polish President Lech Kaczynski and dozens of others in a high-level delegation were killed Saturday when their plane crashed on landing outside the western Russian city of Smolensk. Many are wondering if the country can weather the loss of such leadership. Kaczynski was a popular leader. [5 ETFs to Ride Eastern Europe’s Growth.]

Gregory White and Marcin Sobczyk for The Wall Street Journal report that the speaker of the Sejm, Poland’s lower house of Parliament, becomes the interim head of state in case of the death of the president. According to Polish law, early elections will be called within two weeks and they must take place within two months from the date of that announcement. [Riding the Polish Juggernaut with This ETF.]

So far today, investors seem optimistic about Poland’s will to survive in the wake of tragedy. The Market Vectors Poland (NYSEArca: PLND) ETF was up nearly 1.7% at midday. This country has survived worse and the Polish people are resilient.

English People Daily report that Poland owed its good economic figures to the zloty’s fluid rate to the Euro and U.S. dollar, which allowed Polish enterprises to remain competitive despite falling investments. According to BBC News, under the Polish constitution, the president has fewer powers than the prime minister, but has a significant say in foreign policy. This can help usher in foreign investment and keep the investments and economic side of Poland alive, despite its tragic loss.

For more stories about Poland, visit our Poland category.

  • Market Vectors Poland (NYSEArca: PLND)

  • Claymore/BNY Mellon Frontier Markets (NYSEArca: FRN): Poland is 10.7%

  • SPDR S&P Emerging Europe (NYSEArca: GUR): Poland is 12%

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.